The Indian banking and financial services industry (BFSI) is currently experiencing a dynamic period characterised by moderate credit growth expectations alongside evolving profitability pressures, according to a report by Boston Consulting Group (BCG).
The 20 per cent stake buy by Sumitomo Mitsui Financial Group in 'YES BANK' could pave way for foreign participation in the Indian banking sector says a report by Fitch Ratings. The Reserve Bank of India's (RBI's) approval of YES BANK deal could pave way for similar transactions.
Mumbai (Maharashtra) [India], January 23: The Indian Banks' Association (IBA) is gearing up for its 20th Annual Banking Technology Conference, an event that has come to symbolize the relentless evolution and modernization of India's financial sector. This year's conference, taking place on J
Finance Minister Nirmala Sitharaman said on Tuesday that the Banking Laws (Amendment) Bill will strengthen governance in Indian banking sector besides enhancing consumer's and customer's convenience with respect to nominations and protection of investors.
Mumbai (Maharashtra) [India], November 5: IDFC FIRST Bank has become the first Indian bank to offer a real-time tracking service, in association with Swift, for money sent abroad. This is available on the bank's award winning Mobile Application and Internet Banking platforms. This marks a si
Liquidity in the Indian banking system has seen a significant decline this month says a research report by the Union Bank of India. It says the banking liquidity has fallen to Rs 0.95 lakh crore as on 28th August from a peak of Rs 2.86 lakh crore.
Mumbai (Maharashtra) [India], August 26: Jana Small Finance Bank has once again cemented its status as a frontrunner in the Indian banking industry. The bank's commitment to excellence and innovation was recognized at the prestigious 2nd ICC Emerging Asia Banking Conclave & Awards, where
Credit growth in the Indian banking sector is expected to exceed nominal GDP growth in the current financial year 2024-25, growing at 13-15 per cent, according to SBI Capital Markets.
The Public Sector Banks (PSBs) in India holds a dominant position in the banking sector by accounting for more than 50 per cent of the banking business in terms of market share, branches, and Automated Teller Machines (ATMs), highlights a report by the SBI.
India's non-banking financial sector registered a growth of 10 per cent however globally the sector declined by 3 per cent, highlights a report by SBI.